Get the Most Value from Your B2B Network

The Basware Network offers a variety of integrated solutions so that your suppliers are welcome to join and can continue sending you invoices the same way they do today. ALL invoice types (paper, electronic, EDI, PDF, etc.) can be received, converted and sent to you as true e-invoices in 100% electronic format (i.e.- invoices with structured data formatting for machine reading without human intervention) through the Network. And the best part is, the Network is free and easy for suppliers to join. This means you can truly get all of your suppliers using the Network to send you invoices and receive other financial documents like purchase orders (POs) helping you achieve your targets like high e-invoicing rates and 100% spend visibility.

Processing costs are significantly reduced with the Basware Network as invoices are captured electronically. Processing electronic invoices results in significant cost savings. PayStream Advisors found that when a company receives more invoices electronically and automates their process, they can save over $12 per invoice in processing costs. When staff are freed from invoice handling, they can spend their time focused on other beneficial projects.

Automate compliance across all B2G and B2B mandates that include different formats, processes, and archiving standards. You'll never lose sleep over compliance again. Basware is VAT compliant in more than 50 countries and a certified PEPPOL access point. We offer a solution that can be leveraged where you do business, and we monitor and analyse pending regulatory changes so you can focus on your business.

All e-invoices, regardless of format, are transmitted, converted, and delivered through the Basware Network. This means your AP team is only handling true e-invoices, no matter how your suppliers invoice you (paper, PDF, XML, etc.) And because we provide a solution that can capture 100% of your invoices worldwide, you can achieve 100% spend visibility.

Just as important as what it does for you is who you can connect with thanks to the Basware Network’s reach. Basware has thousands of buyers and suppliers connected to the Network (so many of your suppliers and customers are likely to already be there), and we also leverage over 220 partner networks to extend our reach into new geographies and industries. So, even if your customers and suppliers opt to use another business network, you can still transact with them through a single connection.

Consolidate information about suppliers from multiple databases, making the latest data available to all departments in real time. Verify company data through our partnership with Dun & Bradstreet. Invite suppliers to maintain their own information in the Basware Network to keep data up-to-date, speeding up payments and preventing errors.

Gain visibility over the entire purchase order management process and streamline your process for sending and receiving purchase orders (POs). This helps ensure that buyers and suppliers can exchange POs through one channel – regardless of how the documents originate.

One of the biggest challenges businesses face is an abundance of paper and slow processes that are riddled with manual steps. Ultimately, these problems result in slow, inefficient operations. You’re probably feeling this pain if you are:

• Still sending or receiving invoices and purchase orders in paper format or via email
• Tracking approvals via email or other manual methods
• Lack visibility into spending, budgets, or unable to check the status of orders.

Manual invoice processing is not just inefficient – it’s costly. You're losing money with every invoice if you are:

• Not sending and receiving invoices electronically
• Manually matching invoices to purchase orders, contracts, goods receipts, and quality checks 
• Communicating with suppliers and customers across multiple channels.

Companies with global operations have a lot of details to keep up with when it comes to complying with new and changing regulations. Government-issued business-to-government (B2G) and business-to-business (B2B) mandates include different formats, processes, and archiving standards. Trying to manually follow these regulations and ensure compliance is a challenge that can result in a lot of issues when trying to properly calculate tax amounts, confirming invoice receipt, and making payments.